DGAP-News: All for One Group SE / Key word(s): Half-year results
All for One Group SE: 2021/22 Half-Year Results // Sales up 24% // Integration of acquisitions progressing // SAP S/4HANA transformations are accelerating // 2021/22 sales guidance increased sl
09.05.2022 / 11:06
The issuer is solely responsible for the content of this announcement.

All for One Group SE – Half-year results 2021/22 // Sales up 24% and organic growth up 10% // Integration of acquisitions progressing // SAP S/4HANA transformations are accelerating // Forecasts sales for 2021/22 are raised slightly

Unaudited results:

– Sales: €230.4 million (up 24% year-on-year); organic growth up 10%

– Cloud services and support: 55.1 million euros (up 32% year-on-year)

– Software licenses: 20.8 million euros (up 73% year-on-year)

– Multiplication by 5 of CONVERSION/4 sales

– Recurring revenue increases by 20%

– EBIT margin largely stable at 5.7% (down 0.1 percentage point)

– EBIT before M&A effects (non-IFRS): EUR 17.7 million (margin: 7.7%)

– Growth driven by the integration of three acquisitions and the expansion of the customer experience portfolio following the acquisition of POET GmbH in May 2022

– Guidance 2021/22: Sales increased slightly; Confirmed EBIT

Filderstadt, May 9, 2022 – All for One Group SE, a leading consulting and IT company, today released its unaudited results for the period October 1, 2021 to March 31, 2022.

Unaudited key figures over 6 months from October 2021 to March 2022

in millions of euros

10/2021 – 03/2022

10/2020 –03/2021 ¹

+/-

01/2022 – 03/2022

01/2020 –03/2021 ¹

+/-

Sales

230.4

185.5

24%

111.2

90.0

24%

Cloud services and support

55.1

41.9

32%

27.2

21.0

29%

Software Licenses and Support

79.1

67.6

17%

35.3

31.2

13%

Advice and services

91.1

75.0

21%

45.8

37.0

24%

CONVERSION/4

5.1

1.0

>100%

2.9

0.8

>100%

EBITDA

27.3

21.5

27%

12.6

10.2

24%

EBIT before M&A effects
(non-IFRS)

17.7

12.9

37%

7.9

5.8

35%

EBIT margin before M&A effects (%)

7.7%

7.0%

7.1%

6.5%

EBIT

13.0

10.7

22%

5.5

4.8

14%

EBIT margin (%)

5.7%

5.8%

4.9%

5.3%

Result for the period

8.6

7.0

23%

3.4

3.2

7%

Earnings per share (EUR)

1.72

1.39

24%

0.68

0.63

8%

In millions of euros

31.03.2022

30.09.2021

+/-

Cash and cash equivalents

47.5

75.0

-37%

Equity ratio

31%

35%

1) Prior year figures adjusted

The strong growth in revenue, up 24% to €230.4 million, is the result of the integration of companies acquired at the start of the year and strong demand for digital transformation projects. Despite the uncertainties related to the pandemic and economic developments, organic sales growth increased by 10% compared to the same period of the previous year.

The cloud-first strategy is driving growth in recurring revenues, which increased by 20% to 118.5 million euros. This good performance is attributable to both cloud services and support (+32% to EUR 55.1 million) and software support (+5% to EUR 58.3 million).

Recurring revenue represented 51% (October 2020 – March 2021: 53%) of total sales as non-recurring software licensing revenue bucked the trend in the face of surprisingly strong organic demand and the inclusion of new businesses. acquired, and increased to €20.8 million (up 73%). Consulting and services revenue increased to €91.1 million, up 21% from the prior year level. Demand for transformation projects to SAP S/4HANA and for the technology-based personalized service model (»CONVERSION/4«) offered by All for One Group is accelerating, resulting in a five-fold increase in sales to 5, €1 million (October 2020 – March 2021: €1.0 million).

The consolidation and integration of companies acquired in the 1st quarter effective October 1, 2021 and December 1, 2021 is progressing as planned and contributes to expanding the Group’s implementation force and portfolio of products and services focused on SAP transformation, and expand its product business internationally, including new markets. Following the acquisition of POET GmbH in May 2022, together with its Egyptian subsidiary POET Egypt LLC., another 110 experts are helping to develop the CX business of All for One’s subsidiary, B4B Solutions GmbH.

“Acquisitions are part of our DNA. In recent years, we have proven our ability to successfully integrate businesses and continuously expand our portfolio of products and services. However, these efforts initially incur acquisition-related costs and depreciation and amortization in later periods. In order to demonstrate the “actual operating result”, we plan to publish EBIT adjusted for the effects of mergers and acquisitions in the future. Year-on-year, EBIT before M&A effects increased by 37% to EUR 17.7 million with significant margin improvement from 7.0% to 7.7%,” explained CFO Stefan Land, the introduction of the new performance indicator “EBIT before M&A effects (non-IFRS)” for reference purposes.

EBITDA amounted to €27.3 million (October 2020 – March 2021: €21.5 million), up 27%, while EBIT totaled €13.0 million. euro (plus 22%). The EBIT margin was 5.7% (October 2020 – March 2021: 5.8%). EBT amounted to €12.4 million (up 24%), while profit for the period amounted to €8.6 million (up 23%) and earnings per share at EUR 1.72 (up 24%).

The capital ratio as of March 31, 2022 was 31% (September 30, 2021: 35%). Following the integration of the new subsidiaries, the workforce increased significantly year-on-year to reach 2,557 employees as of March 31, 2022 (March 31, 2021: 1,917).

We have taken a close look at our guidance for fiscal year 2021/22 and raised our sales guidance slightly while confirming our EBIT guidance. We now expect sales for the 2021/22 financial year in the range of €440-460 million and EBIT in the range of €24-26 million. The greatest risk facing the delivery of this guidance is posed by further setbacks in economic development.

All for One Group SE will publish its full half-year financial report for the 6-month period 2021/22 as scheduled on May 12, 2022.

About All for One Group SE
All for One Group increases business competitiveness in a digital world. The group brings together strategy and management consulting, process consulting, industry knowledge and technology expertise under one roof in combination with consulting and IT services. With market-leading enterprise software solutions based on SAP, Microsoft and IBM as well as more than 2,700 experts, All for One Group SE orchestrates all aspects of competitive strength: strategy, business model, customer and employee experience , new work, big data and analytics, but also IoT, artificial intelligence or cybersecurity & compliance and intelligent ERP as the digital core. The leading consulting and IT group supports more than 3,000 clients from Germany, Austria, Poland and Switzerland in the transformation of their business.

All for One Group SE achieved sales of €373 million in fiscal year 2020/21 and is listed on the Prime Standard of the Frankfurt Stock Exchange.

https://www.all-for-one.com/ir-english

Contact:
All for One SE Group, Nicole Besemer,
Head of Investor Relations & Treasury, Tel. 0049 (0)711 78807-28, Email [email protected]

09.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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